Bullseye Investment Management LLC Makes New $628,000 Investment in Greystone Housing Impact Investors LP (NYSE:GHI)

Bullseye Investment Management LLC purchased a new position in Greystone Housing Impact Investors LP (NYSE:GHI) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 59,124 shares of the company’s stock, valued at approximately $628,000. Bullseye Investment Management LLC owned 0.25% of Greystone Housing Impact Investors at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new position in shares of Greystone Housing Impact Investors during the 4th quarter valued at $3,240,000. Samalin Investment Counsel LLC lifted its position in shares of Greystone Housing Impact Investors by 40.7% in the fourth quarter. Samalin Investment Counsel LLC now owns 61,826 shares of the company’s stock valued at $634,000 after acquiring an additional 17,881 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Greystone Housing Impact Investors in the fourth quarter worth about $164,000. Commonwealth Equity Services LLC grew its position in shares of Greystone Housing Impact Investors by 12.9% during the fourth quarter. Commonwealth Equity Services LLC now owns 13,389 shares of the company’s stock worth $137,000 after purchasing an additional 1,527 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in Greystone Housing Impact Investors by 15.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 7,477 shares of the company’s stock valued at $77,000 after purchasing an additional 1,000 shares during the period. 9.01% of the stock is owned by hedge funds and other institutional investors.

Greystone Housing Impact Investors Trading Up 1.0 %

Shares of GHI stock opened at $12.76 on Friday. The company has a market cap of $295.66 million, a PE ratio of 16.57 and a beta of 0.69. The company has a debt-to-equity ratio of 3.36, a current ratio of 10.78 and a quick ratio of 10.78. The stock’s 50 day simple moving average is $12.53 and its two-hundred day simple moving average is $12.28. Greystone Housing Impact Investors LP has a 1 year low of $10.12 and a 1 year high of $16.29.

Greystone Housing Impact Investors (NYSE:GHI) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.06. Greystone Housing Impact Investors had a return on equity of 5.76% and a net margin of 22.35%. The company had revenue of $22.59 million during the quarter, compared to the consensus estimate of $26.02 million. Research analysts predict that Greystone Housing Impact Investors LP will post 1.9 earnings per share for the current year.

Greystone Housing Impact Investors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 11.60%. Greystone Housing Impact Investors’s dividend payout ratio is presently 192.21%.

Analyst Upgrades and Downgrades

Separately, Raymond James reiterated an “outperform” rating and issued a $17.00 price target (down previously from $17.50) on shares of Greystone Housing Impact Investors in a research note on Tuesday, March 18th.

Greystone Housing Impact Investors Profile

Greystone Housing Impact Investors LP acquires, holds, sells, and deals in a portfolio of mortgage revenue bonds (MRBs) that are issued to provide construction and/or permanent financing for multifamily, student, and senior citizen housing; skilled nursing properties; and commercial properties in the United States.